According to Foresight News, the Solana NFT project DeGods has introduced a new token named DEGOD. Users can convert their DeGods, y00ts, or DUST into DEGOD tokens. Each DeGods NFT can be exchanged for 550,000 DEGOD tokens, while each y00ts (Fuzzy DeGods) NFT can be burned and converted into 120,000 tokens. Additionally, each DUST token can be burned and converted into 36 DEGOD tokens.
The distribution plan for the DEGOD tokens includes 85% being allocated to NFT holders, 10% to the foundation, 3% for the bonding curve, 1% for initial liquidity, and 1% to the Solana NFT marketplace Sniper.